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40 homes sold during the same period last year which resulted in 80% increase in the number of homes sold and closed. This market change also resulted in 23.5% increase in the median price from $145,250 to $179,395.

The number of closed home sales went up from 61 to 72 homes since last month along with resulting in higher median price from $157,000 to $179,395.

At the end of the month there were 277 homes for sale in this area ofWesley Chapelwhich included 73 new home listings.

New home listings were up from 41 to 73 in contrast with same period last year and since last month from 66 to 73 homes.

Since 65 homes went under contract, it resulted in only 4.3 months of inventory of available homes for sale.

Number of homes that went under contract were up from 53 in December 2013 to 65 homes in December 2014. The number of homes that went under contract since last month were down from 78 to 65 homes.

The average days on the market for homes to be sold in this area is around 81 days which is comparatively more than last year and last month’s average.

Most of the Wesley Chapel real estate that sold was purchased with Cash, FHA, VA, and Conventional financing.

The communities in this zip 33543 and part of Wesley Chapel includes Ashley Pines, Ashton Oaks, Beacon Lakes, Brookside, Country Walk, Estancia, Fairway Village, Fox Ridge, Meadow Pointe, New River Ranchettes, Pinewalk, Saddlebrook, Tanglewood Village, Union Park, and more. A number of homes in these communities feature swimming pools, conservation or pond views, large walk-in closets, upgraded kitchens and baths and more.